Exam 10: Determining the Size of a Sample

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Most panel companies claim random selection of some sort,so there is the appearance of a random sample of the population.

(True/False)
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The standard sample size formula is applicable if you are concerned with the ________ in the survey,such as yes or no questions.

(Multiple Choice)
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For probability sampling,sample size is a judgment based almost exclusively on the value of the biased information to the manager,rather than desired precision,relative to cost.

(True/False)
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Translated in terms of accuracy,________ the marketing decision maker desires the estimate to be,the larger must be the sample size.

(Multiple Choice)
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As a general rule,a ________ situation is one in which the sample exceeds 5% of the total population size.

(Multiple Choice)
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Confidence interval approach applies the concepts of accuracy(margin of sample error),variability,and confidence interval to create a"correct"sample size.

(True/False)
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Two sampling situations raise special considerations-sampling from small populations and sample size when using a nonprobability sampling method.Describe each of these two situations and the way these sampling situations are best approached.

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You can take any finding in the survey,replicate the survey with a random sample of the same size,and be"very likely"to find the same finding within the ±% range of the original sample's finding.

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Researchers are concerned with sample size because a significant cost savings occurs when the correct sample size is calculated and used.

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Arbitrary sample size approaches rely on erroneous rules of thumb.

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The conventional sample size approach ignores the circumstances surrounding the study at hand and may well prove to be much more costly than would be the case if the sample size were determined correctly.

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________ pertains to all sources of error other than the sample selection method and sample size,including problem specification mistakes,question bias,data recording errors,or incorrect analysis.

(Multiple Choice)
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Sometimes a research objective is to perform subgroup analysis,which has direct implications:

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A lower sample size means less effort,time,and cost,so there are good reasons for a researcher to try to estimate p rather than to take the worst case.

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Focus on budget factors usually ignores the value of the survey's results to management and does not consider sample accuracy at all.

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As a general rule,a small population situation is one in which the sample exceeds 15% of the total population size.

(True/False)
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On occasion,a research objective is to perform subgroup analysis,which is an investigation of subsegments within the population.The effort to gain knowledge about subgroups has direct implications for sample size.

(True/False)
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When applying the standard sample size formula using percentages,there are two alternatives: (1)expect the worst case or(2)guesstimate the actual variability.

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Sample sizes based on statistical analysis criteria can be quite small.

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The axiom regarding sample size and accuracy DOES NOT include which of the following?

(Multiple Choice)
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